I've heard of a couple 5% down options with PMI which drops off after about 7 years (as opposed to FHA insurance which never drops off).I really want to pursue these duplexes, but I want to be 100% sure that I can move forward with a multi-family purchase with 5% down or less immediately after.

HI I purchased a home in a multi unit (R4), high density zone.I am currently renting the house cash flow is just $50 after mortgage payment.This house has a big workshop in the back with a high rise ceiling, brand new roof, electricity and water.It sets in a half an acre lot so I am able to rent the workshop and land for $700 a month Total cash flow on this property is $750 a monthI'd like to enclosed this workshop (it has 3 brick walls already built) and make it into a livable place.I can still rent the land and keep the cash flow at about the same amount ($700).However there's no sewer  at this house just 2 septic tanks attached to the main house.Workshop will need:windowsanother walldoorscooling and heating systemBathroom etc...I can build build more units attached to the current workshop since there's so much land to play with but i have no idea of the cost.I purchased this home for $150k in 2016I owe 143Klast month I paid for an appraisal and the current value is at $185(flooring was the only improvement at the house).Question is should I refinance and bring in sewer line, build more units or live it the way it is?

Part of the reason for this is it is expensive to have a couple architects on site for a few hours just to take measurements, and part of it has to do with us being able to rely on the expertise of the other trades.

I have created my own brand "thejetsethost" and manage all email and calendars via Outlook, though I've only found Airbnb and Homeaway to be worthwhile.  

I have a couple of young professional friends who live there, and the streets they're on are fine.

Problem with that might be that your GC won't watch the prices on labor which is ridiculously high right now: these mandatory 3 estimates on big jobs might be from couple overpriced big companies and one lower from a friendly company to your GC.You first need to build relationship in the area to know what the prices are generally: labor, materials, location of the property, desired finishes.The last note: good properties go with much higher prices than min bid, because of very competitive market.If you buy a property for $100K, it will be totally different rehab cost, quality of finishes etc than a property for $500.

@Ali Boone, Oh cool, I got to visit Edwards AFB and a couple companies out there a few years ago with my design class.

Hello fellow members! I am fresh in the wholesale real estate game and would love pointers, advise, maybe even possibly meet up with local wholesale investors to chat and maybe eventually co-sale. I am located in the ...

Hello all,I am just getting started on my rental property journey and am looking for advice on networking and resources for the Seattle area. I currently own a single family home in that area that I used to live in an...

I am a brand new investor.